Find the amount and the compound interest on a sum of Rs 15625 at 4% per annum for 3 years compounded annually.

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Solution:

⇨Given

⇨p= 15625

⇨r= 4%

⇨n= 3

⇨We have ,

$Find the amount and the compound interest on a sum of Rs 15625 at 4% per annum for 3 years compounded annually.$